Pictet Asset Management Holding SA Purchases 867,821 Shares of Bentley Systems, Incorporated $BSY

Pictet Asset Management Holding SA lifted its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 19.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,235,307 shares of the company’s stock after purchasing an additional 867,821 shares during the quarter. Pictet Asset Management Holding SA owned about 1.80% of Bentley Systems worth $167,260,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Alps Advisors Inc. purchased a new position in Bentley Systems during the 3rd quarter valued at approximately $10,962,000. Commonwealth Equity Services LLC raised its holdings in shares of Bentley Systems by 195.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 41,385 shares of the company’s stock worth $1,322,000 after acquiring an additional 27,396 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Bentley Systems by 7.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 33,100 shares of the company’s stock worth $1,058,000 after acquiring an additional 2,300 shares in the last quarter. Childress Capital Advisors LLC purchased a new stake in shares of Bentley Systems during the 3rd quarter worth approximately $295,000. Finally, Robeco Schweiz AG boosted its position in shares of Bentley Systems by 66.3% during the 3rd quarter. Robeco Schweiz AG now owns 758,586 shares of the company’s stock valued at $24,237,000 after acquiring an additional 302,346 shares during the last quarter. 44.16% of the stock is owned by institutional investors.

Bentley Systems Stock Performance

Shares of NASDAQ BSY opened at $44.65 on Monday. The business’s 50 day moving average is $35.61 and its two-hundred day moving average is $34.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.65 and a quick ratio of 0.65. Bentley Systems, Incorporated has a 1-year low of $28.08 and a 1-year high of $48.17. The stock has a market capitalization of $12.97 billion, a P/E ratio of 43.77, a PEG ratio of 2.77 and a beta of 0.98.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $421.51 million during the quarter, compared to analyst estimates of $420.69 million. Bentley Systems had a return on equity of 29.99% and a net margin of 19.57%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. As a group, research analysts expect that Bentley Systems, Incorporated will post 1.20 EPS for the current year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Bentley Systems’s payout ratio is currently 27.45%.

Insider Buying and Selling at Bentley Systems

In related news, Director Raymond Bentley sold 344,203 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $40.24, for a total transaction of $13,850,728.72. Following the sale, the director owned 14,316,404 shares in the company, valued at approximately $576,092,096.96. This represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 500,000 shares of company stock worth $20,089,565. Insiders own 20.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Rosenblatt Securities raised their target price on shares of Bentley Systems from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler restated an “overweight” rating and issued a $45.00 price target on shares of Bentley Systems in a research report on Friday, August 7th. Weiss Ratings raised shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. Cantor Fitzgerald increased their price objective on shares of Bentley Systems from $42.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Royal Bank Of Canada lifted their price objective on shares of Bentley Systems from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.67.

Key Stories Impacting Bentley Systems

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: Q3 results topped expectations and growth remained strong. Bentley reported adjusted earnings of $0.36 per share versus estimates of about $0.33–$0.34, while revenue of $421.5 million edged past forecasts and rose 12.2% year over year. The company also raised its annual recurring revenue outlook, supporting expectations for continued growth. Bentley Systems reports revenue growth and raises ARR outlook
• Positive Sentiment: Several analysts raised price targets. Oppenheimer lifted its target to $52 and kept an Outperform rating; RBC raised its target to $52 with an Outperform rating; Cantor Fitzgerald set a $55 target and Overweight rating; and Rosenblatt raised its target to $53 with a Buy rating. These revisions signal improved analyst expectations, though targets are not guarantees. Oppenheimer price target update RBC price target update Cantor Fitzgerald price target update Rosenblatt price target update
• Neutral Sentiment: UBS raised its target but stayed Neutral. UBS moved its target to $50 from $40, while maintaining a Neutral rating—an upward valuation revision tempered by a lack of stronger conviction. UBS price target update
• Negative Sentiment: An insider sale may weigh on sentiment. Raymond Bentley reportedly sold 344,203 shares. The report does not establish the reason for the sale, so it is not necessarily a signal about the company’s outlook. Insider share sale report

Bentley Systems Company Profile

Bentley Systems develops software for professionals who design, build, and operate infrastructure. Its customers include engineering firms, architects, construction companies, and infrastructure owners and operators working on projects such as roads, railways, buildings, utilities, and industrial facilities.

The company’s products support computer-aided design, project collaboration, infrastructure asset management, and digital twin development. Its software portfolio includes MicroStation for design and modeling, ProjectWise for project information management, and the iTwin platform for creating and working with digital representations of infrastructure assets.

Founded in 1984 by brothers Keith and Barry Bentley, the company serves customers around the world.